Hitachi, Ltd. (OTCMKTS:HTHIY) Sees Large Increase in Short Interest

Hitachi, Ltd. (OTCMKTS:HTHIY) was the recipient of a large growth in short interest in the month of June. As of June 30th, there was short interest totalling 18,700 shares, a growth of 1,458.3% from the June 15th total of 1,200 shares. Based on an average daily volume of 66,800 shares, the short-interest ratio is currently 0.3 days.

Hitachi Trading Up 1.2 %

Hitachi stock traded up $0.59 during midday trading on Thursday, reaching $48.21. The stock had a trading volume of 265,209 shares, compared to its average volume of 206,170. The firm’s fifty day simple moving average is $70.97 and its two-hundred day simple moving average is $46.42. Hitachi has a twelve month low of $23.04 and a twelve month high of $48.68. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.22 and a quick ratio of 0.90. The firm has a market cap of $22.62 billion, a price-to-earnings ratio of 2.84, a PEG ratio of 2.67 and a beta of 0.83.

Hitachi (OTCMKTS:HTHIY) last posted its quarterly earnings results on Friday, April 26th. The conglomerate reported $0.42 EPS for the quarter, beating the consensus estimate of $0.32 by $0.10. The business had revenue of $16.91 billion for the quarter. Hitachi had a net margin of 6.01% and a return on equity of 10.20%. Equities analysts anticipate that Hitachi will post 8.81 EPS for the current fiscal year.

Hitachi Company Profile

Hitachi, Ltd. provides digital system and services, green energy and mobility, and connective industry solutions in Japan and internationally. It operates through seven segments: Digital Systems & Services, Green Energy & Mobility, Connective Industries, Automotive System, Hitachi Construction Machinery, Hitachi Metals, and Others.